<h2>About:</h2>

<ul>
	<li>As per the modified ECLGS, an&nbsp;airline would be eligible for 100% of its fund- based or non-fund-based loan outstanding or ₹1,500 crore, whichever is lower.</li>
	<li>The move is aimed at giving the&nbsp;necessary collateral-free liquidity at reasonable interest rates to the aviation industry.&nbsp;Previously, the civil aviation sector were allowed to borrow up to 50% of their highest fund-based credit outstanding, subject to a maximum of ₹400 crore per borrower.</li>
	<li>ECLGS was announced as part of the&nbsp;Atma Nirbhar Bharat Package in 2020&nbsp;with the objective to help businesses including MSMEs to meet their operational liabilities and resume businesses in view of the distress caused by the COVID-19 crisis, by providing Member Lending Institutions (MLIs), 100 percent guarantee against any losses suffered by them due to non-repayment of the ECLGS funding by borrowers.&nbsp;</li>
	<li>ECLGS is under the operational domain of&nbsp;Ministry of Finance, Department of Financial Services (DFS).</li>
</ul>

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Source :&nbsp;<a href="https://www.livemint.com/companies/news/centre-raises-credit-guarantee-limit-to-help-stressed-airlines-11664997483733.html" target="_blank">Mint</a>

Modified ECLGS for Aviation Sector

Overview:

The Department of Financial Services (DFS) has modified the ECLGS for the aviation sector, raising the scheme’s cheaper loan limit to ₹1,500 crore from ₹400 crore to help the sector tide over cash-flow problems.

About:

Modified ECLGS for Aviation Sector

Overview:

The Department of Financial Services (DFS) has modified the ECLGS for the aviation sector, raising the scheme’s cheaper loan limit to ₹1,500 crore from ₹400 crore to help the sector tide over cash-flow problems.

About:

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